Around the Net
Google Misses First-Quarter Analyst Predictions
- The Drum, Friday, April 24, 2015 6:30 AM
Google’s revenue in the first quarter missed analysts’ predictions, weighed down by the slower than expected growth of its maturing search business. The quarter’s revenue was $17.26bn, an increase from last year’s $15.42bn in the same time period. However, this was short of the $17.5bn analysts had predicted. It was a similar story for its advertising business. Paid clicks were down 13 percent in the period, a 1 percent drop from a quarter ago and a slump on the projected 14.8 percent rise.
